Let’s begin this discussion around upskilling in Healthcare with Nurses. Healthcare organizations with a higher percentage of nurses with BSN or higher degrees have lower mortality rates and better patient outcomes. The testimony to this fact is provided through a study by Linda Aiken from Penn Nursing, which directly correlates higher nursing education to low mortality rates and superior patient outcomes.
The Institute of Medicine in its historic 2010 report on The Future of Nursing: Leading Change, Advancing Health showed that nurses need higher education to meet the changing healthcare needs of patients. This was followed by the proposal to increase the proportion of nurses with a BSN degree to 80% by 2020. However, the findings from the 2020 National Nursing Workforce Survey indicate that only 65.2% of Registered Nurses surveyed had baccalaureate degrees. The survey also indicated that a BSN degree was the most common nursing education (41.8%) that nurses went for. The studies clearly show gaps in higher education in the nursing population of the country.
The U.S. has 4.4 million Registered Nurses and it’s clear that a significant population requires upskilling. Like me, if you are wondering about the barriers to nursing education, the data from the American Association of Colleges of Nursing may hold some answers. The data shows that around 70% of nursing students enrolled in an MSN program have a federal student debt averaging $47,321. The average student loan burden on nursing students graduating with a BSN is around $23,711 and for a DNP it is a whopping $184, 787 – making financial barriers a discerning factor in nursing education.
Employer-funded education benefits like Tuition Assistance, Student Loan Repayment Assistance, and Scholarships can significantly bring these numbers down for Nurses. This is basically why most Healthcare organizations have one or more of these education benefits available for their workforce.
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With everything that this year has been so far, there’s so much to be thankful for. On behalf of the Edcor family, I wish you and your family a Happy Thanksgiving. We are grateful for your continued partnership and trust in us.
The season of giving has begun, and I’m excited to introduce you to a pivotal opportunity that can significantly transform your organization’s education benefits program, giving you the platform to make a profound impact on deserving learners through the Edcor Scholarship Administration Services.
Considering the complexity and meticulous attention required in scholarship management, Edcor has crafted a service tailored to bridge the gap between aspirations and achievements. If you’ve ever thought of initiating or improving a scholarship program but felt overwhelmed with where to begin, let Edcor be your guiding star.
Edcor, with its 42 years of experience in the education benefits space, stands as a beacon in scholarship administration. We partner with organizations across the U.S. to manage scholarship programs end-to-end, ensuring a seamless journey from application to award. Currently, 10% of our Clients offer Scholarships as a part of their Education Benefits Portfolio.
Let’s future together!
Adrienne L. Way, Edcor Owner, President, and CEO
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